Elon Musk’s nearly half a billion dollars in midterms spending was a flop

Elon Musk set a spending record by contributing at least $446m to Republican-aligned Super Pacs and groups during the US midterm elections. This investment, which surpassed his 2024 spending of $290m, aimed to help the Trump administration retain Republican control of Congress. However, the effort failed as Democrats swept to power. Specifically, Democrats won every one of the five Senate races where Musk’s America Pac spent the most money backing Republican candidates, marking a poor investment.